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TerraPower Announces Start of Construction on First Utility-Scale Advanced Nuclear Plant in Wyoming

LCG, April 23, 2026--TerraPower announced today the official start of construction on its Kemmerer Unit 1 nuclear power plant, which could be the first utility-scale advanced nuclear power plant in the United States. In early March, the Nuclear Regulatory Commission (NRC) announced that it had authorized the staff to issue a construction permit for Unit 1 commercial nuclear power plant in Kemmerer, Wyoming.

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TVA Announces Two Energy Storage Agreements Totaling 425 MW/1,700 MWh

LCG, April 22, 2026--The Tennessee Valley Authority (TVA) yesterday announced two new, 20-year agreements for a 225 MW/900 MWh battery energy storage system (BESS) project in East Tennessee and for a 200 MW/800 MWh BESS project in northern Alabama. Both projects are planned to commence commercial operations in 2029.

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Industry News

Senators Wary of Standard Market Design

LCG, Feb. 12, 2002--Senator Pete Domenici, R-N.M., told attendees of a press conference today that the Federal Energy Regulatory Commission will need to build support among Senators, particularly those representing Western and Southeastern states, for the agency's proposed "standard market design" rules.

Domenici noted that FERC Chairman Pat Wood III will attempt to address Senators' concerns about the possibility of regional power prices rising in markets where prices have lately been relatively low. Wood plans to deliver a report in April which is to respond to concerns which have come from local regulators, who may find their oversight abilities reduced. The transition to standard market design, which would redistribute authority over wholesale power markets nationwide, may be conducted on a region by region basis rather than all at once.

Depending upon members' willingness to endorse changes in market operations, Domenici said Congress could prevent regulatory changes through appropriations bills and other means. "Essentially the issue is nobody knows enough about it," he stated, at the event sponsored by the U.S. Energy Association and Energy Daily.

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